Canada Pension Plan Investment Board Acquires 302,770 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Canada Pension Plan Investment Board increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 48.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 932,719 shares of the company's stock after acquiring an additional 302,770 shares during the quarter. Canada Pension Plan Investment Board owned about 0.43% of Dollar Tree worth $69,898,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Empower Advisory Group LLC boosted its stake in Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after buying an additional 100,676 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Dollar Tree in the 4th quarter valued at $520,000. Strategic Wealth Investment Group LLC acquired a new stake in Dollar Tree in the 4th quarter valued at $448,000. Intrepid Capital Management Inc. raised its position in Dollar Tree by 103.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp raised its position in Dollar Tree by 253.2% in the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after purchasing an additional 67,100 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Dollar Tree Stock Performance

NASDAQ DLTR traded down $2.16 on Thursday, reaching $81.27. The stock had a trading volume of 2,081,694 shares, compared to its average volume of 4,588,868. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a market cap of $17.48 billion, a P/E ratio of -17.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm has a fifty day moving average of $71.65 and a two-hundred day moving average of $70.70.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.55 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

DLTR has been the subject of several research analyst reports. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. Guggenheim decreased their price objective on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Evercore ISI lifted their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $81.84.

Dollar Tree Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.